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Wednesday, July 11, 2012 5:10:47 PM
Thats what concerns me. The main thing that I sold over was the disconnect is price relation between this COIN and VRNG. When VRNG hit 5.30ish, COIN barely saw .01. One would suspect that it should hit atleast a previous high of .03 since VRNG surpassed it's previous high of $4.40ish. That disconnect tells me the market isn't buying in as much as before, and/or suspects further price depreciation. Otherwise, we would have snapped to .02-.03 QUICK.
For now, I'm all out. I hate saying it. Am watching and waiting, should the merger approval provide some volume here- I'll play and buy in. But for now this can easily test .004, then rally to .008 or so with merger news, or .003 to .005, etc., hard to tell. I don't like that so thats another reason I stepped out of playing this for now.
All is in my own opinion, wishing every the best of luck as always too. Hope that helps MJ. No I don't think you're a fool. Nor myself. We did our homework and played it for what it was. Can't help timing and back door deals all that much. Scared money don't make money and you gotta be in it to win it.
Still worth staying tuned as we approach the July 19th date.
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